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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Baronsmead Second Venture Trust Plc | LSE:BMD | London | Ordinary Share | GB0030028103 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.50 | 54.00 | 57.00 | 55.50 | 55.50 | 55.50 | 0.00 | 08:00:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -1.2M | -6.91M | -0.0192 | -28.91 | 200.12M |
TIDMBMD
RNS Number : 2232Z
Baronsmead Second Venture Trust PLC
17 September 2020
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
Baronsmead Second Venture Trust plc
17 September 2020
Publication of a Prospectus and Offer for Subscription
Baronsmead Venture Trust plc and Baronsmead Second Venture Trust plc have published a prospectus in relation to offers for subscription to raise up to GBP40 million in aggregate with an over-allotment facility to raise up to a further GBP35 million in aggregate (the "Offers").
The Offers are now open and are expected to close no later than 24 March 2021 (unless fully subscribed by an earlier date). All subscriptions will be processed on a "first come, first served" basis. Investors can subscribe for new shares online by logging on to https://www.baronsmeadvctoffer.co.uk and completing an electronic subscription form or by completing a paper subscription form which can be found at the back of the prospectus or downloaded from the Baronsmead website at http://www.baronsmeadvcts.co.uk.
Subscriptions made on or before 30 October 2020 will be entitled to an earlybird rebate on the following basis:
-- existing shareholders will receive a rebate of 0.75 per cent. of their subscription: and
-- new investors will receive a rebate of 0.5 per cent. of their subscription.
The rebate will be paid to investors in the form of additional new shares issued at the relevant Offer price. The rebate will be limited to subscriptions which represent the first GBP7.5 million received by each of the companies under the Offers.
As part of the Offer the Company will enter into an offer agreement, under which the Company will pay the Company's Investment Manager, Gresham House Asset Management Limited, in consideration for administering the Offer, a fee of 4.5 per cent of the gross proceeds of the Offer.
Out of this fee the Investment Manager shall pay all the costs and expenses of and incidental to the Offer and the preparation of the prospectus. The Investment Manager is a related party. As such, this transaction is a smaller related party transaction as defined in LR11.1.10R.
The prospectus will shortly be available for inspection at the National Storage Mechanism which is located at https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
The prospectus, together with the paper subscription form, is also available on the Baronsmead website at http://www.baronsmeadvcts.co.uk and on request by emailing baronsmeadvcts@greshamhouse.com.
For IFA enquiries please contact RAM Capital Partners LLP on 020 3006 7530 or email taxsolutions@ramcapital.co.uk for document requests.
For further information please contact:
Baronsmead VCT Investor Relations
020 3875 9862 baronsmeadvcts@greshamhouse.com
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(END) Dow Jones Newswires
September 17, 2020 04:00 ET (08:00 GMT)
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